How Do Scam Brokers Operate and How to Identify Them

Tag Archives: redwood options

The binary options industry is changing rapidly and becoming more regulated and professional. However, there are still some brokers who manage to slip through the cracks and operate a scam business designed to be short-term profit maker based on defrauding traders and stealing their money. How To Identify These Brokers: Seek Regulated Brokers: An officially accredited broker would risk losing their license. An official CySec license for example costs around 200,000 Euros, and also includes various ongoing fees. Too many complaints will get the broker sanctioned, and ultimately they will have their license revoked without the ability to get their …

It’s no secret that 30 second and 2 minute options are the big thing now on Spotoption-based platforms. However, this trader would like to know why only brokers like GTOptions were able to obtain this feature, and what my favorite new broker Redwood Options is doing in order to integrate these amazing options into it’s platform. Redwood does offer 60 minute options, however this is the standard these days and I would expect much more from a Top Tier broker such as this. Additionally, RWO is keeping the previous trading format which has a more traditional look, while other brokers …

Recently I have been receiving a lot of questions from some colleagues about how to withdraw money from their Redwood Options trading account. Before anything you would need to understand that there is a lot of fraud going on these days, so if you have experienced some difficulties it’s basically done to make sure there is no case where identity theft is involved. Now, as is the case with all brokers there is a process involved. Initially the payments manager need to check if you meet your bonus trading requirements and qualify for cashing out. With Redwood you are required …

An Introduction to Binary Options Basics: Real Money-Making Trading Strategies This blog is packed with free instructional material and articles outlining the fundamentals of binary options trading. Truthfully, everyone wants to make gains and profit, but only the best succeed in a way that allows them to do it in a full-time capacity without having to work for someone else. No matter how you look at it, at the end of the day it always comes down to the same thing, willingness to take risks and understand how to manage them, coupled with an ability to analyze and identify the correct …

Trading 60 second options on Redwood is without a doubt one of the most positive experiences I have reccently had in terms of getting value for your invested money. I deposited $500 with my Amex card and started executing trades on GOOG and AAPL stock based on a 70% expected return ratio. At the same time I had multiple open positions on USD/CHF and EUR/GBP with contracts about to expire tomorrow. I usually have a few long holds against my 60 sec options to offeset potential loss on high risk trades. Additionally, I started implementing the concepts of high frequency …